SHIP Tufton Oceanic Assets Limited

TIDMSHIP

RNS Number : 2217R

Tufton Oceanic Assets Ltd.

28 October 2019

28 October 2019

TUFTON OCEANIC ASSETS LIMITED

("Tufton Oceanic Assets" or the "Company")

Net Asset Value, Dividend Declaration and Q3 2019 Update

Tufton Oceanic Assets announces that as at 30 September 2019, the unaudited net asset value ("NAV") was USD252.72 million and the unaudited NAV per ordinary share was USD0.99.

The Company is pleased to announce a dividend of USD0.0175 per ordinary share for the quarter ending 30 September 2019. The dividend will be paid on 22 November 2019 to holders of ordinary shares recorded on the register as at close of business on 8 November 2019 with an ex-dividend date of 7 November 2019.

The Company's quarterly factsheet as at 30 September 2019 will shortly be available on the Company's website in the Investor Relations section under Company Documents at www.tuftonoceanicassets.com/company-documents.

For further information, please contact:

 
 Tufton Oceanic Limited (Investment 
  Manager) 
  Andrew Hampson 
  Paulo Almeida                                                            +44 (0) 20 7518 6700 
 
 N+1 Singer 
  James Maxwell, Alex Bond (Corporate 
  Finance) 
  Alan Geeves, James Waterlow, Sam Greatrex 
  (Sales)                                          +44 (0) 20 7496 3000 
 
 Hudnall Capital LLP                                                       +44 (0) 20 7520 9085 
  Andrew Cade 
 

About the Company

Tufton Oceanic Assets Limited invests in a diversified portfolio of secondhand commercial sea-going vessels with the objective of delivering strong cash flow and capital gains to investors. The Company's investment manager is Tufton Oceanic Ltd. The Company has raised a total of approximately $250m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange, on 20 December 2017, a subsequent placing and offer in October 2018, a placing in March 2019 and a placing in September 2019.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 28, 2019 03:00 ET (07:00 GMT)

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